ID: MRFR/F-B & N/6129-HCR | 90 Pages | Published By Snehal Singh on March 2023
Orange Extract Market Size is anticipated to reach USD 1,022.5 Million by 2030, registering a CAGR of 5.8% during 2020-2030
Orange extract is concentrated flavor extracted from perfectly ripe oranges added to an alcohol base. The minimum amount of alcohol by volume percentage for the production of extracts in the food industry is 33%. Furthermore, the alcohol content in orange extract evaporates once it is processed. Orange extract is widely used to add strong flavor in baked goods, sauces, ice cream, and beverages, which is expected to boost the growth of the global orange extract market during the forecast period.
Oranges increase immunity, control blood sugar levels, and lower bad cholesterol. Thus, orange extract acts as a functional ingredient in food and pharmaceutical products, as well as in cosmetics. Orange extract is available as an essential oil and powder. Industrially, orange extract is used in the production of soaps, body lotions, creams, anti-aging products, beverages, room fresheners, deodorants, biscuits, and chocolates, among others.
The global orange extract market has been segmented based on form, category, application, and region.
The global market has been classified, based on form, into powder and liquid.
The global orange extract industry has been segmented, on the basis of category, into organic and conventional.
By application, the global orange extract industry has been classified as food & beverage, personal care products, pharmaceuticals, and others.
The global market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American orange extract market has further been segmented into the US, Canada, and Mexico.
The European orange extract market has been classified into the UK, Germany, France, Italy, Spain, and the rest of Europe.
The orange extract market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The orange extract industry in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Orange Extract Market Share (%), by Region, 2017
Source: Secondary Sources and MRFR Analysis
Globally, Asia-Pacific accounted for the maximum market share in 2017; the regional market is expected to register the highest CAGR during the forecast period. The presence of a well-established food industry, large-scale cultivation of oranges, rapid urbanization, and the liberalization of foreign trade in the region are a few of the factors boosting the growth of the regional market.
Global Market, by Form
Global Market, by Category
Global Market, by Application
Global Market, by Region
Key Players in the Global Market